According to a new market research report, the “Fire Stopping Materials Market by Type (Sealants, Mortar, Boards, Putty &Putty Pads, Cast-in Devices), by Application (Electrical, Mechanical, Plumbing), End-Use (Commercial, Industrial & Residential), and Region – Global Forecast to 2026″, MarketsandMarkets: The fire stopping materials market is projected to reach USD 2.4 billion by 2026, at a CAGR of 11.6% from USD 1.4 billion in 2021. Fire stopping is a fire protection system for sealings of any openings to prevent fire, smoke, and heat from passing multiple components. They are generally used in warehouses, office complexes, commercial and industrial buildings. The components of fire stopping materials are made of fire retardant and intumescent materials as well as cementitious motors, silicone, and mineral fibres and rubber compounds. They are majorly used in electrical, plumbing, mechanical, building and construction applications. A properly installed, tested fire stop system will prevent the passage of fire, provide effective smoke barrier, and retard the transmission of heat for a specified period. These can be categorized into eight types- mortars, sealants, cast-in devices, boards, putty and putty pads, collars, wraps/strips, and others. SPRODealants had a larger share in terms of value in 2020 as compared to mortars and others.
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- 181 Market data Tables
- 65 Figures
- 214 Pages and in-depth TOC on “Fire Stopping Materials Market – Global Forecast to 2026″
This report also provides a comprehensive analysis of the companies listed below:
Hilti Corporation (Liechtenstein), 3M (US), Etex Group (Belgium), Knauf Insulation (US), Specified Technologies Inc (US), Sika AG(Switzerland), RectorSeal
Impact of COVID-19 on Fire Stopping Materials Market
The global pandemic has affected almost every sector in the world. The fire stopping materials market has shown a negative growth as it was affected due to disruptions in the global supply chain and fluctuation in the raw material prices. This situation raised due to fall in demand from the construction sector. The market is highly dependent on the commercial, industrial and residential industries. North America is the largest region in terms of value for the fire stopping materials market.
Specified Technologies Inc (STI) is one of the major manufacturers of fire stopping materials and systems. The company has its presence in North America, Europe, the Middle East, and Asia. Apart from construction, the company also deals in the healthcare and marine industries. STI focuses on fire stopping products intended for use as sealing materials for through-penetrations, data pathways, and static and dynamic construction joints, including perimeter containment (curtainwall). In January 2020, Specified Technologies Inc launched 2 new fuel pipe protection E-Wrap systems: FP-3 and FP-4. These systems are available for protection of fuel oil pipes. In October 2019, Specified Technologies Inc. introduced new E-Wrap Endothermic Wrap STI’s latest solution for Circuit Integrity and Survivability of critical infrastructure in the event of Fire.
Etex Group is one of the top players in the fire stopping materials market. The company manufactures fire stopping materials under the Building Performance business segment. Etex owns various companies and provides fire stopping materials under its subsidiary, Promat. The company owns 119 production sites, employs about 13,000 personnel, and has a presence in around 45 countries worldwide. Etex offers various fire stopping products, including boards, panels, sheets, and wraps, under the brands Promaseal and CAFCO. In April 2019, Promat launched PROMASEAL CIL and CIH, a new generation of Cast-in Fire Collars. This was launched by Promat Australia.
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